Tax Relief and Expedited Assistance for Disasters Act of 2019 or the TREAD Act
This bill provides tax relief for qualified disaster areas (i.e., an area, excluding a California wildfire disaster area, for which a major disaster was declared on or after January 1, 2018). Specifically, the bill provides for distributions and loans from retirement plans for disaster assistance, a tax credit for wages paid by employers in a qualified disaster area, a temporary suspension of limitations on the deductibility of charitable contributions, and an automatic extension of filing deadlines for taxpayers affected by disasters.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2019-06-13 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2019-06-13 | IntroReferral | Introduced in House | Library of Congress |